Author: News Desk

Chip stocks drop on fears US to toughen China rules Global technology stocks have plunged due to concerns over the computer chip industry. The decline followed reports that the Biden administration might tighten restrictions on exporting semiconductor equipment to China. Additionally, former US President Donald Trump’s comments suggesting Taiwan should pay for its defence heightened these worries. Taiwan is a major chip producer. In the US, the Nasdaq index fell by 2.7% on Wednesday, with notable drops in chip stocks in Europe and Asia. Companies like Nvidia and AMD saw significant losses, with Nvidia down 6.6% and AMD over 10%.…

Germany plans to halve military aid for Ukraine Germany is set to nearly halve its military aid to Ukraine next year, reducing it from around €8 billion to approximately €4 billion. This change is part of a draft budget approved by the German government. Despite the cut, Finance Minister Christian Lindner assured that Ukraine’s financing is secure, thanks to a G7 initiative aiming to raise $50 billion from interest on frozen Russian assets. Currently, Germany is Ukraine’s second-largest military donor after the US, with a 2024 budget for Kyiv set at nearly €7.5 billion. However, the reduction in aid comes…

Starmer hopes to reset UK-European relations at summit Sir Keir Starmer will host around 45 European leaders on Thursday at a summit aimed at resetting Britain’s relationship with Europe. The European Political Community (EPC) gathering at Blenheim Palace will focus on supporting Ukraine and addressing shared concerns such as migration and energy. This summit provides Starmer, newly in office, a significant opportunity to meet European allies. He has pledged a more active UK role on the world stage, emphasising efforts to tackle people-smuggling and expedite asylum decisions, with 100 Home Office staff redeployed for this purpose. Ukrainian President Volodymyr Zelensky…

Fernandez faces disciplinary action over alleged racist chant Chelsea has started disciplinary proceedings against midfielder Enzo Fernandez after he posted a video on social media that the French Football Federation (FFF) claims includes a “racist and discriminatory” chant. The FFF has filed a complaint with FIFA regarding the video, which features a song sung by some Argentina squad members about France’s black players. Fernandez’s teammate, Wesley Fofana, who plays for France, condemned the video as “uninhibited racism” on Instagram. Fernandez, a record signing for Chelsea, has apologised, expressing his regret for sharing the video, which was made during Argentina’s Copa…

Texans face days-long deadly heatwave without power Over a week after Hurricane Beryl hit Texas, nearly 60,000 residents are still without power. This prolonged outage is particularly dangerous as a deadly heatwave has swept through the state, with temperatures soaring up to 110°F (43°C). The heatwave has already claimed over a dozen lives. Frustrations are mounting in Houston, where armed residents have reportedly harassed energy workers from CenterPoint Energy. Texas Governor Greg Abbott has criticised the company, demanding answers and improvements by July 31 to prevent future outages. At the peak of the crisis, nearly three million Texans were without…

Joe Biden tests positive for Covid, White House says Joe Biden has tested positive for COVID-19 and is experiencing mild symptoms, the White House announced. Press Secretary Karine Jean-Pierre confirmed that the 81-year-old president is vaccinated and boosted. This is his third positive test for COVID. Biden was seen earlier on Wednesday meeting supporters in Las Vegas and speaking at an event, but he later cancelled a campaign speech. Amid his illness, he faces growing pressure to step aside due to his age. Reports indicate that Senate Majority Leader Chuck Schumer and House Majority Leader Hakeem Jeffries have privately expressed…

Crystal Palace have raised their price to sign England Euro 2024 star Marc Guehi, amid interest from Liverpool and Manchester United. Guehi was arguably England’s best and most consistent player throughout the European Championships, playing all but one game as the Three Lions fell short at the final hurdle. His impact caught many by surprise given his lack of international experience, having only become a starting player after Harry Maguire was forced to miss the tournament through injury. Guehi was the only Three Lions star to be named in Opta’s Euro 2024 Team of the Tournament, though he was snubbed…

Spain celebrates winning Euro 2024 through Madrid, culminating in a grand celebration at Cibeles Square, where thousands of football fans eagerly awaited to see the squad.

The ‘vibrant’ London borough where rents are falling the fastest From dodgy rental ads to nightmarish flatmate stories, it’s no secret that renting in London is a wild ride. But if your tenancy agreement is up this month and you need to find somewhere ever so slightly cheaper to live, a new study has revealed the ‘vibrant’ London borough where rents are falling the fastest. Fancy yourself a slice of the action? Last month, rent prices in Wandsworth experienced the biggest decrease of all the capital’s boroughs. Experiencing a 5.9% drop in prices across June, the figures also coincided with…

The 26-year-old was tracked to a cemetery in Enfield, north London, on Wednesday afternoon, and has remained in hospital in a serious condition since (Picture: Sky News; Reuters) Kyle Clifford arrested in his hospital for murders of BBC presenter’s family | UK News Kyle Clifford has been arrested on suspicion of murdering BBC racing commentator John Hunt’s wife and two daughters in a horrific crossbow attack. The 26-year-old was tracked to a cemetery in Enfield, north London, on Wednesday afternoon, and has remained in hospital in a serious condition since. He is accused of killing Carol Hunt, 61, and sisters Hannah,…